Poland Open Pension Funds amounted to PLN 1.4 billion in 2019

The financial result of Open Pension Funds (OFE) in 2019 amounted to PLN 1.4 billion, compared to a loss of PLN 17.0 billion in 2018, show the latest Statistics Poland data.

Net assets of OFE at the end of 2019 amounted to PLN 154.8 billion, which means a decrease by PLN 2.5 billion during the year.

Open Pension Funds members

According to Central Register of OFEs’ members in Social Insurance Institution (ZUS), 2019, 15.7 million members were registered as of December 31, 1.5% less than the year before.

The number of members decreased by 231,512 persons.

Members accounts managed by OFE

Number of members’ accounts managed by Open Pension Funds amounted to 16.0 million as of December 31, 2019.

Contributions and interests

ZUS transferred PLN 3.5 billion of contributions and PLN 5.4 million of interest to OFE in 2019. The amount of contributions paid to OFE was higher by PLN 143.4 million and the amount of interest paid was higher by PLN 0.3 million compared to 2018.

In the period from May 19, 1999 to December 31, 2019, the ZUS transferred PLN 219.6 billion of contributions and PLN 3.7 billion of interest to OFE.

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